Part 6Water-Energy Nexus Registry
Section § 71420
This section defines key terms used in the part of the law. 'Agency' refers to the California Environmental Protection Agency. 'The Climate Registry' is the nonprofit organization that followed the California Climate Action Registry. 'Registry' is specifically the water-energy nexus registry created by this part of the law.
Section § 71422
This law requires the agency to create a voluntary registry that tracks greenhouse gas emissions related to water and energy usage. Businesses in the state can participate and record their emissions, including those from outside the state. A nonprofit can be contracted to help set up and run this registry, ensuring it follows guidelines from California's Global Warming Solutions Act. This organization will also assist businesses in setting baseline emissions levels and support them in reducing emissions through efficiency measures. The registry is a tool for recognizing and promoting companies that voluntarily cut down on emissions. Contracts for setting up this registry are initially limited to three years, with an option to extend for an additional year.
Section § 71424
This law states that entities listed in a specific registry might be eligible for financial opportunities, which are essentially incentives to help them reduce greenhouse gas emissions.